Landau Properties, a real estate development firm based in New York and South Florida, has announced a significant construction loan for the upcoming Indian Creek Residences & Yacht Club on Miami’s Bay Harbor Islands. The boutique residential property, which will feature condominium residences and a private marina, has secured a $29 million construction financing package. Construction on the development is underway, and sales are formally scheduled to launch this fall.
BridgeInvest, a Miami-based private real estate lender, has originated the $29 million loan to finance the ground-up construction of Indian Creek Residences & Yacht Club. This transaction is the most recent in BridgeInvest’s flagship fund, BridgeInvest Specialty Credit Fund IV, which focuses on development, bridge, and value-add lending throughout the U.S. Raffi Landau of Estreich and Company arranged the construction financing provided by BridgeInvest.
Indian Creek Residences & Yacht Club – Terrace. Credit: Williams New York.
“We are pleased to have the confidence of BridgeInvest on this very special project that will offer an unparalleled opportunity on the Bay Harbor Islands,” said Jonathan Landau, Founder and CEO of Landau Properties. “We received strong lender interest for this project, and this financing package affirms our team’s ability to create an incredible residential experience with a combination of an amazing waterfront location, service-oriented lifestyle and world-class design. BridgeInvest, a highly regarded lending institution in South Florida, proved to be the perfect partner given their established local presence and robust construction abilities. It was a pleasure getting to know the BridgeInvest team and working with them on this transaction. Indian Creek Residences & Yacht Club has already captured interest from today’s most discerning buyers, and we look forward to seeing the building come to life, with demolition now underway.”
“We are excited to finance a unique, design-forward, boutique project on one of the best developable waterfront lots in Bay Harbor Island,” said Alex Horn, BridgeInvest managing principal and founder. “Jonathan Landau and his team are already proving their abilities to leverage their decades of development experience as they embark on creating the Landau Properties brand. We wish them continued success.”
Indian Creek Residences & Yacht Club – Overlook. Credit: Williams New York.
Landau Properties, which acquired the site in 2022, is developing Indian Creek Residences & Yacht Club, featuring nine luxury condominium homes and six private yacht slips. This boutique building offers one of the only private yacht clubs in the area, presenting a sought-after opportunity to overlook the coveted Indian Creek Island. The waterfront development is being designed by Kobi Karp, with interiors by Linda Zarifi of Zarifi Design.
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